Equity Research Analyst

1 day ago


New York, United States Alger Full time
Description

Job Title: Equity Research Analyst - U.S Small/Mid-Cap Healthcare Sector

Reports to (title): EVP, Portfolio Manager

Company Description: Alger's Investment Team is the engine that drives the Firm's strong long-term investment returns of our portfolio strategies and success for our clients. Our investment strategies range from U.S. small cap to large cap stocks and International and Emerging Markets growth stocks, in both traditional long-only and long/short hedge equity portfolios. We have over 50 experienced professionals, led by our portfolio managers and senior sector analysts, who work together to identify and research domestic and global growth trends across all economic sectors to uncover compelling investment opportunities. We target "outside the box" ideas and our firm's philosophy encourages creative and independent thinking. Each investment idea goes through a rigorous series of analyses. Many of our analysts have direct experience in the industries they invest in and/or advanced degrees in their fields. Compared to other buy-side firms, our teams are small - and this "boutique" culture allows analysts of all levels to contribute. Working in smaller groups, analysts have more responsibilities, rather than being just a "number-cruncher" at a larger firm. With that in mind, we focus on investing in developing talent.

Location: Headquartered in New York City's downtown Financial District in a new modern office space, Alger offers great benefits and encourages employees to become involved in their community.

Job Description:

Alger is looking for a bright and enthusiastic Equity Research Analyst with experience within the Healthcare sector that will support the Small and Mid-Cap team. This role requires an analyst to have knowledge and experience covering the Biotechnology sector and an interest in (or better yet, experience with) covering Medical Device companies as well. This will be needed to enhance and contribute to the team's performance. We favor candidates who have strong analytical and modeling skills, are passionate about investing, an avid reader, embrace challenges, and thrive in a dynamic environment.

This individual, along with their team, work with portfolio managers on generating insightful investment ideas. This direct exposure to top level management is rare in the investment community and the ideal candidate should thrive on the ability to work with highly experienced investors.

Duties & Responsibilities:
  • Analyze financial statements, interview/visit company management, build and update detailed financial/valuation models, write research reports and present ideas to the SMID Cap Portfolio Manager.
  • Track biotech sector and medical device themes and reporting them to the team, also identifying themes not currently addressed.
  • Understand scientific and clinical literature.
  • Use and create incremental, internal quantitative reports that identify potentially attractive long ideas.
  • Produce reports or strategies enabling the team to focus on areas of market out performance.
  • Interact with sell-side analysts, healthcare industry contacts, investor relations personnel and senior management of companies to develop an investment thesis on a stock or industry.
  • Conduct maintenance research and reports on business news on portfolio holdings. Analyze companies' earnings reports, including previews and reviews.
  • Maintain data bases tracking industry research and statistics. Develop and maintain proprietary data tracking industry research files.
Qualifications:
  • Minimum 8+ years analyst experience on the buy side or equivalent industry training and experiences focused within the healthcare sector.
  • In-depth understanding of the biotechnology sector and medical devices
  • A knowledge of companies with the potential to disrupt and grow within their industry
  • Proven quantitative and qualitative analytical capabilities including financial modeling, industry and product analysis and report writing
  • Excellent communication skills, both written and oral
  • High level of self-motivation and work ethic along with the ability to complete assignments quickly and accurately
  • Ability to work in a team-oriented fast-pace environment both while being able to prioritize projects
  • Positive attitude with a willingness to attack challenging intellectual problems
  • Strong competitive spirit and desire to succeed
  • Undergraduate degree in a finance, science, mathematics, engineering, liberal arts or an equivalent combination of training and experience with a strong GPA
  • Strong accounting and finance skills
  • CFA preferred
  • Base salary anticipated to be $150-250k + discretionary bonus + outstanding benefits


Working at Alger:

Alger is an entrepreneurial, privately owned firm which encourages and empowers its employees to be intellectually curious and continually improve. We seek individuals who can think independently yet work collaboratively, are motivated to be best in class, challenge the norm and have fun while doing it. Alger values its employees and rewards them accordingly.

Alger provides ample training (see below) to employees and encourages employees to grow in their roles. This culture of continuous improvement is reflected by the fact that many Alger employees have worked at the firm for 10, 15+ years.

We offer a comprehensive personal wellness program that provides resources to help you take charge of your physical well-being, encourage a healthy lifestyle and better manage health care costs. Alger also provides its employees with numerous ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans and more. Underlying our financial wellness program is a strong educational platform.

We're focused on helping employees more easily manage their work and personal lives. Our life management programs include paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program and helpful employee assistance programs.

Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger's policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law ("Protected Characteristic"). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.

Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.

Website: www.alger.com

Fred Alger & Company, Incorporated is an Equal Opportunity Employer

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